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Me and my wife own the house.
Yes 2 children. But I want to stop them putting a charge on the house.
More info that may help.
I am a builder sole trader. A project did not goto plan and the clients are suing me for between £15k and £50K. There is a chance I will win the case. But if I dont I dont want to loose everything we have worked for. Hence considering Bankrupcy. I am trying to protect everything if the worse happens! Thanks. G
After paying mortgage company and fees I would only be left with around £5k! Would I be forced to sell for such a small sum!?